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CoinDesk Analyst Advises UK Crypto Firm to Set Up Bitcoin Treasury
Coinsilium raised £1.25 million to help establish the BTC treasury, amid record trading volume.
Updated May 16, 2025, 2:15 p.m. Published May 16, 2025, 2:02 p.m.
What to know:
- Coinsilium Group (COIN:AQSE) has raised £1.25 million as it looks to establish a bitcoin treasury initiative.
- The company is advised by CoinDesk analyst James Van Straten.
- Trading volume on Coinsilium shares hit a record high of 14 million shares on Friday.
U.K.-based Coinsilium Group (COIN:AQSE), which became the first blockchain firm to IPO in 2015, has announced a £1.25 million raise as it looks to establish its bitcoin treasury initiative.
The raise came alongside a record high in trading volume of Coinsilium Group shares, with 14 million shares changing hands on Friday. Shares are currently trading at £0.04, having risen by 24% over the past 24 hours.
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The company is advised by CoinDesk analyst James Van Straten, who told CoinDesk that it was "great to see record trading volumes as Coinsilium announces a bitcoin treasury."
He added: "I remain focused on helping educate the UK market on bitcoin and helping the UK become a leader in this space."
The move to set up a bitcoin treasury follows in the footsteps of several other companies including Strategy (formerly MicroStrategy) and Metaplanet, with the U.S. Government also outlining plans to stockpile BTC in March.
Disclaimer: James Van Straten is a CoinDesk employee that owns Coinsilium Group and MSTR shares.
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